Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Monument area can be challenging. Home prices in Monument are now at a median cost of $159,401, lower than the New Mexico average of $199,923.
The average cost of rent is $1,297/mo in Monument, primarily driven by the current value of real estate in the Monument area. While nearly 62.62% of residents own their homes outright in Monument, 16.95% rent.
Housing affordability isn’t just about home prices, though. The average household income in Monument is $4,248 per month. Households that rent pay about 30.53% of their income on rent here. Monument's most expensive areas are in the central regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Nadine, NM: less expensive homes
- Hobbs, NM: equally priced homes
- North Hobbs, NM: higher priced homes
- Knowles, NM: less expensive homes
- Seminole, TX: higher priced homes
- Florey, TX: higher priced homes
- Sand, TX: equally priced homes
- Lakewood, NM: less expensive homes
- Atoka, NM: less expensive homes
- Seven Rivers, NM: higher priced homes
Cities with Similar Populations
- Sherwood, TX: less expensive homes
- Lavaca, AL: less expensive homes
- Lawco, OH: less expensive homes
- Lawrenceville, NY: less expensive homes
- Layton, FL: higher priced homes
- Leaf Valley, MN: higher priced homes
- Leck Kill, PA: higher priced homes
- Lewisburg, LA: higher priced homes
- Seneca Hill, NY: less expensive homes
- Sheldon, SC: equally priced homes
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